Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSimec Atlantis Share News (SAE)

Share Price Information for Simec Atlantis (SAE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.825
Bid: 0.75
Ask: 0.90
Change: 0.00 (0.00%)
Spread: 0.15 (20.00%)
Open: 0.825
High: 0.825
Low: 0.825
Prev. Close: 0.825
SAE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Simec Atlantis deploys substantially-upgraded turbine

Wed, 05th Jul 2023 14:48

(Sharecast News) - Simec Atlantis Energy announced the successful deployment of 'Turbine 2' at the MeyGen site on Wednesday, marking a significant milestone in the company's ongoing efforts to enhance performance and reliability in tidal energy generation.

The AIM-traded firm said the latest turbine had undergone substantial upgrades, with a notable improvement being the conversion to a wet-mate connection system.

It said that development had resulted in a significant reduction in costs and time required for future maintenance work.

By adopting the technology, SAE said it was aiming to position the upcoming phase of turbines at the MeyGen site as the most advanced and high-performing in the industry.

It said that as a demonstrator project, the valuable lessons, improvements, and innovations derived from the MeyGen site were instrumental in unlocking commercial and scalable projects in the future.

With that in mind, SAE said it had made the strategic decision to expedite the reshoring of 'Turbine 4' to facilitate preventative maintenance and upgrade work.

It said the proactive approach would enable it to further drive improvements, as well as gather essential data and knowledge required to unlock the next phase of turbines at the MeyGen site.

"The value in MeyGen phase 1 for SAE and the industry is in proving the technology but also in the constant innovation and lessons learnt that allow us to unlock truly scalable and commercial projects," said Graham Reid, chief executive officer of SAE Renewables.

"The successful upgrade and deployment is a major milestone, and I wanted to add a personal thank you to all the team who have gone above and beyond to enable this.

"Their hard work and passion deserve recognition, without them, there is no industry, and they should be incredibly proud of another milestone achieved."

Reporting by Josh White for Sharecast.com.

More News
1 Apr 2022 09:54

SIMEC Atlantis Energy soars on GBP2.5 million loan for MeyGen project

(Alliance News) - SIMEC Atlantis Energy Ltd shares soared on Friday after the energy producer said that it secured a non-convertible loan of GBP2.5 million from Scottish Enterprise for its MeyGen tidal stream project.

Read more
22 Mar 2022 21:00

TRADING UPDATES: Marlowe makes acquisition; Kavango backs out of deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
21 Mar 2022 19:11

TRADING UPDATES: Kavango eyes acquisition; PYX ups zicron price

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
31 Dec 2021 10:55

AIM WINNERS & LOSERS: Blockchain and podcasts prosper in 2021

AIM WINNERS & LOSERS: Blockchain and podcasts prosper in 2021

Read more
29 Nov 2021 14:33

EXECUTIVE CHANGES: SIMEC and Feedback tap new chief financial officers

EXECUTIVE CHANGES: SIMEC and Feedback tap new chief financial officers

Read more
26 Oct 2021 18:02

EXECUTIVE CHANGES: Palace Capital says chair hunt progressing well

EXECUTIVE CHANGES: Palace Capital says chair hunt progressing well

Read more
8 Oct 2021 10:49

AIM WINNERS & LOSERS: Brighton Pier lifts outlook on staycation boom

AIM WINNERS & LOSERS: Brighton Pier lifts outlook on staycation boom

Read more
7 Oct 2021 14:43

TRADING UPDATES: Hardide upbeat on recovery; SIMEC permit delayed

TRADING UPDATES: Hardide upbeat on recovery; SIMEC permit delayed

Read more
7 Oct 2021 10:52

AIM WINNERS & LOSERS: SIMEC Atlantis tumbles on Uskmouth project delay

AIM WINNERS & LOSERS: SIMEC Atlantis tumbles on Uskmouth project delay

Read more
29 Sep 2021 12:04

Simec Atlantis Energy raises GBP2.6 million in "important milestone"

Simec Atlantis Energy raises GBP2.6 million in "important milestone"

Read more
28 Sep 2021 17:49

IN BRIEF: SIMEC Atlantis loss widens; plans to raise GBP2.5 million

IN BRIEF: SIMEC Atlantis loss widens; plans to raise GBP2.5 million

Read more
11 Aug 2021 16:02

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
23 Jul 2021 11:10

IN BRIEF: Simec Atlantis Energy shares soar as receivership ends

IN BRIEF: Simec Atlantis Energy shares soar as receivership ends

Read more
23 Jul 2021 10:29

AIM WINNERS & LOSERS: Simec Atlantis shareholder back in Gupta control

AIM WINNERS & LOSERS: Simec Atlantis shareholder back in Gupta control

Read more
23 Jul 2021 09:36

Simec Atlantis shares surge as receivers resign from major shareholder

(Sharecast News) - Sustainable energy generator Simec Atlantis Energy updated the market on the status of its major shareholder, Simec UK Energy, which holds around 41% of the company, and over which receivers were appointed in May/

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.